St. Lucia: 2023 Article IV Consultation-Press Release; and Staff Report

March 8, 2024

Preview Citation

Format: Chicago

St. Lucia: 2023 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 21, 2024

Summary

The economy has rebounded strongly after the Covid-19 pandemic and the commodity import price shock due to Russia’s war in Ukraine; output is currently near the pre-pandemic level. Higher government revenue has narrowed the fiscal deficit, but public debt is much higher than before the pandemic. The banking sector has adequate liquidity and is profitable, but NPLs are elevated, and additional provisioning is required. Rapid credit growth in the large credit union sector is a concern, and several institutions require additional capital.

Subject: Credit, Credit bureaus, Economic and financial statistics, External sector statistics, Financial markets, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: Caribbean, CARTAC country, CARTAC TA, Credit, Credit bureaus, External sector statistics, Full employment, Global, Investment portfolio, St. Lucia economy

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/068
Stock No:

1LCAEA2024001
ISBN:

9798400270109
ISSN:

1934-7685

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